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Note 13 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Notes Tables

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

		2021				2020				2019
U.S.		$	805.3			$	834.0			$	553.9
Foreign			70.1				63.5				14.5
Total income before income taxes		$	875.4			$	897.5			$	568.4

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

		2021				2020				2019
Current:
Federal		$	116.8			$	111.0			$	109.9
State and local			21.1				23.1				21.4
Foreign			21.4				18.9				14.6
Total current provision for income taxes			159.3				153.0				145.9
Deferred:
Federal			19.8				22.6				(14.3	)
State and local			11.8				7.4				(0.2	)
Foreign			18.2				1.8				(12.9	)
Total deferred provision for income taxes			49.8				31.8				(27.4	)
Provision for income taxes		$	209.1			$	184.8			$	118.5

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

		2021				2020				2019
Federal statutory rate			21.0	%			21.0	%			21.0	%
State and local taxes, net of federal tax benefit			2.8	%			2.7	%			2.8	%
U.K. legislative rate change impact			3.8	%			1.5	%			—	%
Foreign Derived Intangible Income (FDII)			(0.9	)%			(0.8	)%			(1.2	)%
Global Intangible Low-taxed Income (GILTI)			1.5	%			—	%			—	%
Stock-based compensation			(3.3	)%			(3.7	)%			(3.0	)%
Earn-outs			—	%			—	%			2.0	%
Other			(1.0	)%			(0.1	)%			(0.7	)%
Effective tax rate			23.9	%			20.6	%			20.9	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

		2021				2020
Deferred tax assets:
Employee wages and other benefits		$	49.0			$	56.7
ASC 842/Deferred rent			10.5				10.3
Net operating loss carryover			18.0				22.7
Litigation accrual			—				31.3
Capital and other unrealized losses			1.5				1.6
Interest expense			58.7				44.1
Other			7.4				12.2
Total			145.1				178.9
Less valuation allowance			(64.1	)			(48.0	)
Deferred tax assets			81.0				130.9
Deferred tax liabilities:
Fixed assets and intangible assets			(461.6	)			(445.3	)
Commissions			(20.2	)			(16.6	)
Pensions			(54.1	)			(49.4	)
Other			(9.0	)			(7.4	)
Deferred tax liabilities			(544.9	)			(518.7	)
Deferred tax liabilities, net		$	(463.9	)		$	(387.8	)

Summary of Operating Loss Carryforwards [Table Text Block]

Years Ending		Amount
2022 - 2029		$	21.9
2030 - 2034			20.5
2035 - 2041			112.2
Total		$	154.6

Summary of Income Tax Contingencies [Table Text Block]

		2021				2020				2019
Unrecognized tax benefit as of January 1		$	9.9			$	11.5			$	17.4
Gross increase in tax positions in prior period			1.3				0.5				0.6
Gross decrease in tax positions in prior period			(0.1	)			(0.2	)			(3.3	)
Settlements			—				—				(2.4	)
Lapse of statute of limitations			(7.7	)			(1.9	)			(0.8	)
Unrecognized tax benefit as of December 31		$	3.4			$	9.9			$	11.5

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